SHAFTESBURY CAPITAL PLC - Notice to Bondholders, the Trustee and the Principal Paying, Transfer and Exchange Agent

Notice to Bondholders, the Trustee and the Principal Paying, Transfer and Exchange Agent

SHAFTESBURY CAPITAL PLC
(Incorporated and registered in the United Kingdom
with Registration Number 07145051 and
registered in South Africa as an external company
with Registration Number 2010/003387/10)
JSE code: SHC ISIN: GB00B62G9D36
LEI: 549300TTXXZ1SHUI0D54
("Shaftesbury Capital" or "the company" or "the Group")


NOTICE TO BONDHOLDERS, THE TRUSTEE AND THE PRINCIPAL PAYING, TRANSFER AND EXCHANGE AGENT


Shaftesbury Capital PLC GBP 275,000,000 2.00 per cent.
Secured Exchangeable Bonds due 2026
exchangeable into ordinary shares of Shaftesbury Capital PLC
(ISIN: XS2262952679) (the "Bonds")

Shaftesbury Capital PLC (the "Issuer") recently declared an interim dividend of GBP 0.019 per Shaftesbury
Capital Share (a "Cash Dividend"), which was paid to holders of Shaftesbury Capital Shares on 1 October
2025.

On 30 July 2025, the Issuer duly notified Bondholders that payment of such Cash Dividend would result in
the occurrence of a Capital Distribution in accordance with the definition thereof in the terms and conditions
of the Bonds (the "Conditions"), given the Cash Dividend in respect of a Unit of Equity Shares amounts to
GBP 877.51519 and is therefore above the Reference Amount of GBP 695.265 in respect of the Relevant
Period.

Furthermore, on 30 July 2025 the Issuer also notified Bondholders of its decision not to issue a Purchase
Election Notice and as a result, the amount of such Capital Distribution will be included as part of the
Exchange Property pursuant to Condition 8(b)(iii).

Consequently, and in accordance with the notice to Bondholders dated 30 July 2025 and Condition 8(c), the
Issuer hereby notifies Bondholders, the Trustee and the Principal Paying, Transfer and Exchange Agent of
the following changes to the Exchange Property pursuant to Conditions 8(b)(iii)(B) and 8(e), effective 1
October 2025:

   -   GBP 501,188.0225 has been added to the Exchange Property, and from such date the Exchange
       Property shall therefore comprise 127,008,786.5254 Shaftesbury Capital Shares and
       GBP 1,306,203.8138 of cash (all rounded to 4 decimal places solely for the purposes of this notice);
       and

   -   the Exchange Property per Bond to which the holder of GBP 100,000 principal amount of Bonds would
       be entitled upon exercise of the Exchange Right in respect of such Bond is 46,185.0133 Shaftesbury
       Capital Shares and GBP 474.9832 of cash (both numbers rounded to 4 decimal places solely for the
       purposes of this notice).

Furthermore, GBP 501,188.02 will be credited to the Security pursuant to Condition 2(b).

Capitalised terms not otherwise defined in this notice shall have the meanings given to them in the Conditions.
Certain figures are rounded to 4 decimal places solely for the purposes of this notice.

The content of this Notice has not been formulated or negotiated by the Trustee and nothing in this Notice
should be construed as a recommendation to Bondholders from the Trustee on any matter. Bondholders
should take their own independent legal and financial advice on the impact or consequences of the matters
set out in this Notice. The Trustee is not responsible for the accuracy, completeness, validity or correctness
of the statements made and documents referred to in this Notice or any omissions from this Notice.

Shaftesbury Capital shares are listed on the London Stock Exchange ("LSE") (primary) and the Johannesburg
Stock Exchange (secondary) and the A2X (secondary).

1 October 2025

Enquiries:
Shaftesbury Capital PLC
Situl Jobanputra – Chief Financial Officer
Graham Keer – Group Treasurer
Ruth Pavey – Company Secretary

Telephone: +44 20 3214 9150


Sponsor
Java Capital

Date: 01-10-2025 11:00:00
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